Jerome, you have some good questions here.
I doubt that new management will be a competitor.
As far as getting someone who is already involved in the industry....
Well, that depends on who and how involved they are. After all, Silzer has been involved in the bingo industry over 6 years and that has not helped this company make money. I think the company has plenty of bingo experience right now. What they don't have is business management, money management, and marketing management. We don't need another bingo expert, we need a business expert. I prefer someone who has nothing to do with bingo. And also someone who is not in any way associated with current management.
Also keep in mind that new management still has the same product to work with, and since the industry as a whole has not embraced AGTI equipment with open arms (Based on the rate of installations & orders) who ever it is has got their work cut out for them. MAJOR changes are in order and it will take time. Don't rule out bancruptcy or class action law suits either. Look at WDC, class action lawsuit against management for false and misleading statements. Stock went from 55 to 15 in a few months, sound familiar??? If that could happen to WDC, it could definitly happen to AGTI cause they have been misleading investors for years. Be patient, let it play out. At .06 what have we got to loose?
As far as the trading volume lately, TAX SELLING. It sure as hell ain't profit taking. Bargain hunters coming in for a possible Jan bounce too.
For sure, this is the last chance we have to see this thing get off the ground, so let's wait and see who they bring in.... Who knows, maybe we'll get lucky and Frank will apply for the job! LOL
AR |
